Oxford Square Capital Corp. to Issue Monthly Dividend of $0.04 (NASDAQ:OXSQ)

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Wednesday, July 30th. Shareholders of record on Friday, November 14th will be given a dividend of 0.035 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 21.3%. The ex-dividend date is Friday, November 14th.

Oxford Square Capital has decreased its dividend payment by an average of 0.1%per year over the last three years. Oxford Square Capital has a payout ratio of 175.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Oxford Square Capital to earn $0.28 per share next year, which means the company may not be able to cover its $0.42 annual dividend with an expected future payout ratio of 150.0%.

Oxford Square Capital Stock Performance

Shares of OXSQ stock traded up $0.01 during mid-day trading on Wednesday, reaching $1.98. The company’s stock had a trading volume of 816,454 shares, compared to its average volume of 634,144. The firm’s 50-day moving average is $1.88 and its two-hundred day moving average is $2.17. The company has a market cap of $161.30 million, a P/E ratio of -98.75 and a beta of 0.65. Oxford Square Capital has a 1-year low of $1.56 and a 1-year high of $2.87.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Oxford Square Capital had a negative net margin of 3.35% and a positive return on equity of 15.19%. The business had revenue of $10.24 million for the quarter, compared to analyst estimates of $9.60 million.

Institutional Investors Weigh In On Oxford Square Capital

Large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Oxford Square Capital by 42.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,782 shares of the company’s stock valued at $49,000 after purchasing an additional 5,626 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in Oxford Square Capital by 23.4% in the first quarter. Kingsview Wealth Management LLC now owns 84,425 shares of the company’s stock valued at $220,000 after buying an additional 16,000 shares during the period. Silverberg Bernstein Capital Management LLC lifted its holdings in Oxford Square Capital by 27.9% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 71,516 shares of the company’s stock valued at $159,000 after buying an additional 15,597 shares during the period. Ethos Financial Group LLC bought a new position in Oxford Square Capital in the first quarter valued at approximately $123,000. Finally, Marshall Wace LLP acquired a new stake in Oxford Square Capital during the 2nd quarter worth $332,000. 6.44% of the stock is currently owned by institutional investors.

About Oxford Square Capital

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans.